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| IPO Listing At | BSE SME |
| SME IPO Issue Type | Fixed Price Issue |
| Total Issue Size | ₹1.92 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹1.92 Cr |
| Fresh Issue | ₹1.82 Cr |
| Face Value | ₹10 Per Equity Share |
| Issue Price | ₹70.00 per share |
| Discount | Retail: 0.00 |
| BSE Code | 544337 |
| Registrar | Skyline Financial Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 2,000 shares and in multiples thereof
Incorporated in June 2005, Avax Apparels And Ornaments Limited is involved in two separate lines of business:
The company wholesales knitted fabric and sells silver ornaments online, including rings, ladies' payal, gents kada, plate sets, glass, bangles, bowls, chains, and other jewellery. It supplies all major cities across the country.
The company has several key advantages in wholesale trading. It is geographically located in the hub of cloth manufacturing, which provides a significant advantage. In addition, the company benefits from the growing demand for these products and the strong business relationships maintained by the management, all of which contribute to the company's success in this segment.
Competitive Strengths
As of September 2024, the company has 7 full term employees.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet out the Working Capital requirements of the Company | 1.50 |
| 2 | To meet out the General Corporate Purposes | 0.22 |
| 3 | Issue Expenses | 0.20 |
| Total | 1.92 |
| Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|---|
| Assets | 10.89 | 4.85 | 3.47 | 0.58 |
| Total Income | 15.01 | 22.06 | 14.70 | 0.29 |
| Profit After Tax | 0.91 | 1.38 | 0.69 | 0.01 |
| NET Worth | 4.05 | 3.15 | 1.76 | 0.02 |
| Total Borrowing | 0.72 | 0.72 | 0.30 | |
| Amount in ₹ Crore | ||||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 43.91% |
| ROCE | 61.68% |
| RoNW | 43.91% |
| PAT Margin | 6.26% |
| Price to Book Value | 1.70 |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 18.06 | 17.44 |
| P/E (x) | 3.88 | 4.01 |
| Promoter Holding | 57% | 41.97% |
| Market Cap | ₹7.27 Cr. | |
